Entain (ENT)

Sector:

Tourism and Leisure Services

Index:

FTSE 100

797.40p
   
  • Change Today:
      12.40p
  • 52 Week High: 1,492.50
  • 52 Week Low: 734.80
  • Currency: UK Pounds
  • Shares Issued: 638.80m
  • Volume: 1,585,243
  • Market Cap: £5,094m
  • RiskGrade: 260

Entain accelerates plans to exit unregulated markets

By Michele Maatouk

Date: Wednesday 18 Jan 2023

LONDON (ShareCast) - (Sharecast News) - Ladbrokes and Coral owner Entain said on Wednesday that it was accelerating plans to exit unregulated markets "where it no longer sees a path to domestic regulation".
The company, which also owns bwin, PartyPoker and Sportingbet, announced in November of last year a commitment that 100% of its revenue would come from markets that are nationally regulated by the end of 2023.

"From today, the group will accelerate this process by exiting its few remaining markets where there is no clear path to market liberalisation via domestic regulation," it said. "The group is now licensed in more than 30 countries and will remain in only a small number of markets where it expects changes in regulation will enable it to obtain domestic licenses in due course."

With the exception of these markets, 100% of Entain's revenue will now be from domestically regulated markets where it is licensed. The net gaming revenue and EBITDA impact from these closures is relatively small and will have no effect on current expectations, it said.

Chair Barry Gibson said: "As part of the profound and far-reaching transformation programme that Entain has undergone in the last few years, we took the decision in 2020 to only operate in nationally regulated markets.

"Today's announcement is therefore a continuation of that strategy, and should be taken as a clear demonstration of Entain's commitment to the highest standards of corporate responsibility, governance, sustainability, and player safety. We stated at the outset that we would exit any market that wasn't able to regulate at sufficient pace or to the right standards, and we have acted decisively to do so."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Entain Market Data

Currency UK Pounds
Share Price 797.40p
Change Today 12.40p
% Change 1.58 %
52 Week High 1,492.50
52 Week Low 734.80
Volume 1,585,243
Shares Issued 638.80m
Market Cap £5,094m
RiskGrade 260

Entain Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
11.64% below the market average11.64% below the market average11.64% below the market average11.64% below the market average11.64% below the market average
66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% below the sector average
Price Trend
74.74% above the market average74.74% above the market average74.74% above the market average74.74% above the market average74.74% above the market average
63.64% below the sector average63.64% below the sector average63.64% below the sector average63.64% below the sector average63.64% below the sector average
Income
33.67% below the market average33.67% below the market average33.67% below the market average33.67% below the market average33.67% below the market average
15.79% below the sector average15.79% below the sector average15.79% below the sector average15.79% below the sector average15.79% below the sector average
Growth
75.76% above the market average75.76% above the market average75.76% above the market average75.76% above the market average75.76% above the market average
96.15% below the sector average96.15% below the sector average96.15% below the sector average96.15% below the sector average96.15% below the sector average

What The Brokers Say

Strong Buy 7
Buy 6
Neutral 6
Sell 1
Strong Sell 0
Total 20
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Entain Dividends

  Latest Previous
  2nd Interim Interim
Ex-Div 14-Mar-24 17-Aug-23
Paid 26-Apr-24 22-Sep-23
Amount 8.90p 8.90p

Trades for 28-Mar-2024

Time Volume / Share Price
18:00 100,000 @ 794.62p
17:08 5,000 @ 797.40p
16:57 100,000 @ 794.62p
16:35 668,368 @ 797.40p
16:35 2,554 @ 797.40p

Entain Key Personnel

CFO Rob Wood

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